Peel Hunt has just released the results of its COVID-19 survey of investors, corporate managers and other UK finance professions (banking/legal/accounting), revealing the City’s views on what shape the recovery will take, how investor habits and priorities will change post lockdown, and the outlook for corporates in a post-COVID market.
Majority (79%) of respondents have a strong view that the lockdown is likely to return, implying a rocky road to economic recovery.
This suggests that companies will be risk averse in managing their businesses and balance sheets. It also highlights that a sustained market recovery is unlikely.
A total of 94% expect the lockdown in its current form to end in May (60%) or June (34%). Meanwhile, 21% believe the lockdown will end in more than three months, with 29% believing it will be 2-3 months.
96% believe the end of the lockdown will be phased.
Leave a Comment